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Merck (MRK) and Ridgeback Biotherapeutics reported data from six preclinical studies showing that molnupiravir, an investigational oral antiviral COVID-19 medicine, was active against the Omicron variant in In Vitro studies. The in vitro studies were independently conducted by researchers from institutions...

The Securities and Futures Commission or SFC in Hong Kong has fined Citigroup Global Markets Asia Limited HK$348.25 million for allowing various trading desks under its Cash Equities business to disseminate mislabelled Indications of Interest and make misrepresentations to institutional clients when...

Water technology firm Badger Meter, Inc. (BMI) reported Friday that net earnings for the fourth quarter increased to $17.28 million or $0.59 per share from $13.09 million or $0.45 per share in the prior-year quarter. On average, five analysts polled by Thomson Reuters expected the company to report...

Automotive products firm Gentex Corp. (GNTX) reported on Friday that net income for the fourth quarter plunged to $84.18 million or $0.35 per share from 143.34 million or $0.58 per share in the prior-year quarter. Net sales for the quarter declined to $419.84 million from $529.86 million in the same...

India's communications solutions provider Bharti Airtel and Google will partner on a long-term, multi-year agreement to bring best-in-class end-to-end products to serve customer needs. As part of the partnership, Google plans to invest up to $1 billion, as part of its Google for India Digitization Fund....

Blueprint Medicines Corporation (BPMC) said the Committee for Medicinal Products for Human Use of the European Medicines Agency has adopted a positive opinion, recommending to expand the current indication for AYVAKYT to include monotherapy for the treatment of adult patients with aggressive systemic...

Eli Lilly and Company (LLY) said, based on top-line efficacy results from two pivotal phase 3 trials (SLE-BRAVE-I and II), the company has decided to discontinue the phase 3 development program for OLUMIANT in lupus. The company is working with investigators to appropriately conclude the phase 3 SLE...

Biotechnology company Novavax, Inc. (NVAX) and Israel's Ministry of Health today announced Friday an agreement for the purchase of NVX-CoV2373, the company's recombinant nanoparticle protein-based COVID-19 vaccine candidate with Matrix-M adjuvant. The Novavax vaccine would be the first protein-based...

Phillips 66 (PSX) reported fourth-quarter adjusted profit per share of $2.94 compared to a loss of $1.16, prior year. On average, 16 analysts polled by Thomson Reuters expected the company to report profit per share of $1.95, for the quarter. Analysts' estimates typically exclude special items. Net...

Church & Dwight Co. Inc. (CHD) said that it expect sales growth of about 3%-4%, organic sales growth of about 1%-2% in the first quarter. The company expects quarterly earnings per share of $0.75 per share, a 9.6% decrease over last year's adjusted earnings per share. Analysts polled by Thomson Reuters...

While reporting financial results for the third quarter on Friday, VF Corp. (VFC) reaffirmed its adjusted earnings guidance for the full-year 2022, but trimmed annual revenue outlook. For fiscal 2022, the company continues to expect adjusted earnings to be approximately $3.20 per share, including...

While reporting financial results for the fourth quarter on Friday, Colgate-Palmolive Co. (CL) initiated its earnings and sales growth guidance for the full-year 2022. For fiscal 2022, the company now expects earnings per share to grow in double-digit percentage and adjusted earnings per share growth...

Caterpillar Inc. (CAT), a manufacturer of mining and construction equipment, reported Friday that fourth-quarter net income more than doubled to $2.12 billion or $3.91 per share from $780 million or $1.42 per share in the prior-year quarter. Excluding special items, adjusted net income for the quarter...

Autoliv, Inc. (ALV) reported fourth-quarter adjusted profit per share of $1.30 compared to $2.19, prior year. On average, 12 analysts polled by Thomson Reuters expected the company to report profit per share of $1.18, for the quarter. Analysts' estimates typically exclude special items. Net profit...

Stellantis N.V. (STLA), comprising Fiat Chrysler Automobiles N.V. and France's Peugeot S.A., announced Friday that FCA Italy S.p.A., and Stellantis' other Italian subsidiaries, have repaid the 6.3 billion euros credit facility to Intesa Sanpaolo (ISNPY.PK, IITSF.PK). Stellantis said it is now in a...

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